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the president will likely reference coke and apple for their latest plan to move manufacturing back to the u.s., but that is not the whole story. coke recently announced a plan to make the new macintosh and the u.s., but there are a tiny part of apple's business. apple's primary product, the ipad, iphone account for nearly three-quarters of the company's sales and are all made in china at places like fox con. that's not going to change a time soon. because as steve jobs once said denton cook echoed, you cannot find that many americans to hire. i bet there are just a few american engineers out there that would disagree, but they probably aren't looking at being paid $18 per day. mr. president, instead of dividing the ceo of the world's biggest company, what you bring in small business owners who are dealing with her policies the in and day out. while they're there may be to listen to what they have to say you. that's my "2 cents more," and that's it for tonight on "the willis report." thank you for joining us. gerri@foxbusiness.com for complete coverage of the president's state of the union add
the name jesus, going after a dozen other u.s. clothing companies for selling jesus the and apparel. now, they claim their company has the exclusive rights to the name and other people cannot use it. >> and not getting it. jesus teens is the name of that company. they register the name. back in 2007. here is was some of those genes look-alike. the company uses phrases like dow shot at any other genes before me and he loves me follows me. according to the u.s. trademark office the name of a personal character is register both only to if you can show it is used in a way that tells people what you do in addition to who you are. in this case, they get the name because it is at tied -- the name is tied to apparel. in my opinion a name like jesus should be the exception. should be trademarked. jesus jeans, well, they should have turned the other cheek. that is my "2 cents more." and coming up tomorrow, a routine checkup that cost more than a new car. all talk to the man behind some startling new numbers on the price of health care. steven brill from time magazine. you're going to want to see t
behind. u.s. rare earth announced they obtained a new permit to drill in montana. it's a big deal because it takes years to get approval for this. coming up exclosively on fox business, the president of rare earth tells us why america has a costly mineral deficit and what needs to be done about it. david: rely on the chinese for that when we can get it at home. the clock ticking away to a string of automatic cuts. they go into effect of a budget agreement is not reached while the debate over what to cut continues, the white house pushes for a $50 billion project. $50 billion increase in spending? yes, what could it be? we'll tell you coming up after our break. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ sandra: hp up after reporting better than expected earnings. nicole on the floor of the new york stock exchange, looking like hpq holding on
of mergers to talk about. nicole: the first is in airline deal. it was highly anticipated that u.s. airways and american airlines would merge. first let's hit heinz. i am going to stick with heinz. warren buffett, berkshire hathaway. obviously at a premium. heinz is up 20%. watch the 3:00 p.m. show, we will certainly delve into it more for you. he loves their products. he loves the emerging markets. he thinks it was a great buy. then, we will talk about u.s. airways and american airlines merger. you can see they are finally coming together. the u.s. airways ceo will remain in the top spot as ceo. u.s. airways is down right now. dagen: thank you, nicole. connell: we are waiting for the speaker of the house, john boehner. we say take a look at this. a little over two weeks until automatic spending cuts will kick in. congress taking a week off leaving you just six working days to get something done. dagen: wait until the last minute has become the norm. how do you think this plays out? >> i think the impact on the economy will be small. the cuts are relatively small. we had $175 billion in tax
. the developments overseas tonight. a suicide bomber attack. the u.s. embassy in turkey. killing one, injuring three others. the white house calling it an act of terrorism, the eighth attack on a u.s. embassy since hillary clinton was named secretary of state. coming on this, her less than the job. president obama to they retreated on the obamacare contraception mandate. the department of health and human services announcing that religiously affiliated organizations can opt out of the controversy and mandate, although the rule change applies only to religious nonprofits, prompting private sector entities with religious ties to say, not good enough, mr. president. and some racy super bowl ads starring super model and sports illustrated swimsuit get up. groups calling for higher standards for super bowl ads and their sponsors. we begin tonight with the unemployment rate at 7.9%. the white house looking to a brighter numbers, however, today including upper revisions in jobs created in both november and december, higher consumer spending and rising residential construction. fox news senior white house c
jeopardizing u.s. national security. stocks rallied on the first day of trading with all three indexes rising two-year highs. the s&p up 11 points: nasdaq 22. volume on the big ward still modest 3.7 billion shares. office depot, officemax advanced merger deals with both companies moving higher. google stock above $800 per share for the first time ever. health care stocks on news medicare advantage payments, to companies for services will be lower than expected, but most of those stocks recovering most of their losses. gold continues its decline closing at 1603.60. crude oil up $0.80. the bond market, weaker prices, higher yield, the treasury's 10-year now 2.03%. apple confirmed today it has been the target of a cyber attack byackers in china who compromised a small number of the employee computers. apple says there's no evidence they were able to steal any data, but as the saying goes, it is early yet. the attack was perpetrated by the same group that hacked faccbook. jeeps twitter profile send out racial slurs, claims the police were using drugs, a hacker group taking responsibility for bot
-- buying a house just for suckers? controversial comments from a prominent housing economist. and the u.s. airlines/u.s. air her injurier. what it means the next time you fly. "the willis report" is on the case. ♪ gerri: all that and more coming up, but first, our top story tonight. nearly half the country bracing for major snowstorm. however, we are still dealing with the aftermath of another storm, sandy. but the red tape surrounding fema's national flood insurance program is leaving homeowners and businesses out in the cold with more on this, stephen moore, editorial board member for the wall street journal. welcome to the show. always great to have you here. >> thank you. gerri: you look like you're in a safe, warm place, which is good. [laughter] it's going to be a doozy, right? >> two feet of snow. gerri: i want you to hear what chris christie, the governor of new jersey, had to say. boy, is he upset with fema. here he is. >> people need to know how much money they're going to have from their flood insurance to be able to rebuild, repair their homes. the national flood insurance p
toward the spending cuts, and if u.s. to further and that he's going to tell you that it's over ten years or 20 years that we would get 800 billion or some outrageous number. when you break that down 800 billion over ten or 20 years, were going to spend 800 billion in the next two weeks. melissa: and a lot of things, that like to put to the republicans and said they did this and that and they're not cutting spending. you know what, yes, just as guilty. is there any hope we will get this under control? of starting to feel a little despondent. >> the other part of a story from of a sequester, the white house made a big miscalculation here two years ago. they came up with this mechanism, they thought the republicans would never go along with these defense cuts. low and behold they say we can live with that and the president is saying we can't. here's why your question is an important one. i don't have too much faith in either party. 85 billion to what did they do? $60 billion. only 20 billion of that was even for the victims. the other 40 billion was pork. i'm with spencer. they ought to do
unveiled by two of the most liberal members of the u.s. senate. barbara boxer from california and bernie sanders from vermont want to make polluters to manufacturers, and power plant operators pay for the pollution they generate. joining me now with the top republican on the senate energy committee, senator lisa murkowski. thank you for being with us again. great to see you. the carbon tax, good or bad idea >> this is something that is going absolutely nowhere. if what is proposed is something that is going to increase the cost to the consumers, this is just not going to happen. and when you think about the proposal that has been before the cut across, the captain trade proposal, it does not even take out the democratic lead said. it did not want to touch that. and of the to going to want to touch a carbon tax either. this is something that is just going to increase the cost to the consumer at a time that nobody is looking to increase their energy costs. we should not be looking to increase it. we should be making our energy more affordable. gerri: let me give you some numbers here. the
words, senator heraldo, dipping his toe in a potential u.s. senate run. the answer to restoring fiscal sanity in washington? the man, the myth, and the legend is here to respond. plus, 13 states look at hiking minimum wage. they may get more than they bargainedded for. will it cost workers their jobs? we'll crunch the numbers. a toy empire built without spending a dime on commercials. your kids are like mine, they are the biggest things since legos all through the power of youtube. the ceo joins us to explain his genius strategy. even when they say it's not, it's always about "money." ♪ first, today's market moment, the january jobs report and strong u.s. manufacturing data helped spark a big rally for stocks. the s&p 500 posted its fifth straight weekly gain, but it is the dow that stole the show today without question. blue chip soared 149 points, closing above 14,000 for the first time since october 12th of 2007. the dow is just 155 points away from hitting its all time closing high. can you believe that? all right, we start tonight with one of our own, host of the fox show, he's
have been under pressure. what we saw with u.s. airways, it was getting hit hard. warren buffett's company, berkshire hathaway, buying time out right here. they called it at 7250. >> yes, they just think it's a great product. he said he was absolutely going to be in for the long term. liz: it's not a classic equity deal where they shine it up. david: we just saw whole foods getting kicked today about 10%. >> that is not good news. david: as you can see, we have very big movements. do not be fooled when we see the dow jones down, the s&p 500 is up a little bit. less than a 10th of a percentage point, nasdaq, the biggest mover is the rest of 2000. it is the individual stocks, we have seen some big movements by individual stocks and we will be talking about coming up. liz: did you see the coal industry sector? lots of natural resources after the fourth-quarter earnings. all gaining more than 4%, 13 full percentage point. david: when you see that it is settling at the lowest level in six months, that is what gives people a lot of concern. it is just about at the 200 day moving averag
treasury yields moving in the way that you expected them to? you got the u.s. dollar to play in here as well. >> yeah, well, we have seen treasury yields hovering at the 2%. it's an uncertain on which way they are going to go, you know, if you start to see the equities back off, october, -- of course yields gain in value and there could be panic in the market with people searching for the volatility index or a play like gold or silver. gold is hovering at 1600. there's questions about whether or not it gets a bounce back up or not. liz: weird that platinum and palladium move higher by more than a full percentage point and yet gold and silver moving down? >> it's a story out of south africa right now. there's supply and demand restatements from out of there. over the weekend, there's talk about gunfire, and thank god it was rubber bulleted used. about nine different mining workers there. there were injuries, and as a result of that, there's also that threat for labor disputes. prices should continue to rise on that disruption. >> let's watch that. again, as pointed out, rightly so, el
growth and will the risks like u.s. politics stay out of the way? the answer is yes and my guess for now it is yes. the path of least resistance is higher. connell: even if you are right, people say boy, initial investors, we will talk later about the fact they have been getting more involved in the market and the inflow starting to look better on that front, but some of them say we've had a nice run above the 14,000 last week, i missed it, should've gotten in earlier. they're looking for a big pullback, is that the wrong way to go about it in your view? >> i would step up my purchases, i would not try to time it if i had earmarked for the equity market. we have avoided the fiscal cliff posted on the debt ceiling. earnings are decent, decent economic indicators here and outside the u.s. on balance is good, not everyone of them. we have central bankers all over the world, but begging for reflation putting money in the system and a lot of cash getting zero return and those things i think are the reason the stock is likely to continue going. connell: that is the last one i want to pick up o
not living in the u.s. but in fantasyland? connell: we will talk about that and immigration reform because it has been huge topics this week. if we told you you could save billions of dollars in foreign aid to corrupt governments with immigration reform would you take that trade? dagen: super bowl feeder and counterfeiters are honest. we bring you more on a record $13.6 million bust in fake nfl merchandise. you got to give me a jersey, if you don't make one i will get one. connell: you will be all right. especially men wearing sports jerseys is one of my pet peeves. let's go to nicole petallides at the nyse-listed 14,000. nicole: don't come down here today because today on the floor of the nyse, support your favorite team. and the trader jackets a lot of traders are wearing their favorite jersey's. the dow four days out and we hit it, we are here, 14,000 right now, a gain of 140 points. dow leaders include bank of america and travelers and verizon and american express and at&t helping along the trend has been a good one, january, the best january in two decades. we kickoff 2013 in a very b
major deals. what's pressuring stocks? >> a fascinating look at ceo confidence, pwc's u.s. chairman is standing by. right now, he has his annual ceo survey. it might surprise you. >> calling senate's bluff on spending. lou dobbs weighs in. >> news on the stranded carnal cruise ship. the clock cannot turn fast enough. those poor people. >> i agree. up to speed on the markets, back to the floor, annie coal -- and nicole, another sideways day. >> dow down six points, not far off the unchanged line for all three major averages. the nasdaq and s&p squeeze out gains, the dow slightly to the downside. s&p, as we talked about yesterday, right, broader average, and the dow just has 30. it moves the archings more. one thing the traders talked about from the minute i walked in this morning was europe. you see the euro lower, the dollar is strong on a day where we heard that europe is struggling with growth over in germany, in particular, that's the real big one. france and italy would be in there. when you talk about the eurozone and growth potential seeing it is disappointing and not pulling
and for tourists coming to the u.s. were important for economic growth and immigration was important for a lot of high tech industry and you saw the president position move on some of those and they have done important work in those areas. in this case i am not sure given the collection of high-tech people you'd probably hear a lot about high skilled immigration. broader immigration is defined by more than just what they make. liz: number of people who want immigration, they want a vibrant economy with skilled immigrants and smart immigrants coming in, but that is separate from sealing the border. there is the need to seal the border because you have criminality at the border, aren't those two different issues? speaker they are related, but yes, i think they're separate issues and they start to blend together as you get into these issues about how would it work to verify if employees are or are not legal or should that be a burden put on employers and stuff like that, so do think the issues fo the business people he on immigration and the border or related but i do think there are distinct, ye
further got roth. she is with the formerly with the u.s. department of labor. joining us tonight, former massachusetts senator scott brown and fox news contributor. welcome to all of you tonight. >> great to be with you. >> thank you. sandra: senator brown, i want to start with you first. this is your first time on the program so welcome. >> thank you. sandra: when we look at this new plan we say, well, everybody's got to give. everybody is going to be upset in some way. even erskin bowles, they're asking for the left to give even more here. i guess the big question, do you think this even has a fighting chance? >> well, first of all i think it is important to reference their involvement. that they're trying to re-engage congress, they're on hiatus. not only literally on hiatus with a vacation but they checked out when it comes to address the real issue. we need obviously to get our debt and did he sit under control as we all know. there is no effort to work in a truly bipartisan manner. the president has not reached out to the moderates on the republican side. i commend them for re-enga
and people of ill repute. >> all too often we see the u.s. is doing that, elevating dictators dollars to the detriment of israel. the human rights council, 40 percent of the resolutions they put up claim that israel ignoring nigeria, sudan. neil: united and look past our differences between us and focus on our common enemy, and ask for that could destroy as. >> which is why i think you respond with this. this is what the u.n. is set up to do and finally they're doing it. i am told there is an asteroid the supposed to hit as april 132036 which gives the u.s. plenty of time to coalesce this global exclusion. neil: you don't have to worry about that. a non-issue for me. allan dodds that one. your final thoughts on whether the u.n. can do at least this right? >> i think a body that empowers home loss, the saddam government , we were just talking about it. it should not be so interested with the security of the united states of america. countries we cannot trust right now, and i would love to be able to, but we cannot. we have to take our own security into account, and i agree this is a le
generation and there are about 45,000 wind turbines in the u.s. right now. but in all the studies that we have covered, all the stories we have covered we haven't come across the story where the outcome could mean town locals may end up with a tax increase in order to cover up to 15 million of costs of removing the wind turbines. this is shocking. they paid to 10 to $15 million in order to install the things to put them up with the idea they would be saving money over time as they ranch as you heard because of the curtailment right now they're operating at a loss. if they get rid of the turbines as the town wants, they will get taxed another $15 million in order to pay for that. joining us for a first-hand account, okay. we're going back to that story in just a moment. let's move onto the sequester cuts for a moment here and how to fix them. president obama was in virginia today, warning of the dire consequences of defense cuts and what they will have on our military and our economy. you heard about all this, in 2012 of course we spent $65 billion on the military. today we're helping to s
happened we had an honest conversation about who pays taxes in the country, what it takes to fund the u.s. government, the fact that the rich really do pay a lot in the way of taxes more than their fair share -- neil: apparently not enough. >> apparently not enough. listen to this important, really interesting information that's coming out from economists. they say it's really hard once you get government benefits to get off because you lose food stamps once you get a job, lose housing assistance, and so there is basically a call cue louse that people who did on the government bill, they say, look, we're going to lose money. we'll stay with the government rather than getting a job. those important debates happen right now in a time, of course, when we're in fiscal duress. neil: wane rogers, a lot of big companies pay no taxes at all. last year, ge finding out it didn't pay any taxes, but now we found it with names like linked in and a host of others, including facebook, but whatever their enterprise is and gazillion dollar enterprises and rates like they don't pay a dime. this situation i
of the top private funds in the u.s. it is a fox business exclusive. and will today be the day? will the dow take at its all-time high "countdown to the closing bell" begins right now. ♪ liz: looks like we might get there, but hi, everybody. i'm liz claman. the last hour of trading. selling started to pick up. stocks are trading near session lows. the nasdaq has lost a lot of the steam that it had earlier taking a look at the dow jones industrials to lower by 62 points, though of the session down 64, one and a half% from its all-time highs. that, of course, is the number that goes back to october in 2007. the s&p 500 can't make any of the green state down about two points. ec the nasdaq of three points. of more than 11 points. of course the nasdaq to the opposite. it was down. today we have a teeny bit of green of the screen. taking a look at the dow jones industrials coming-. a few pockets of strength. led by general a electric. $0.72. not bad. procter and gamble. ge moving higher. the remaining 49% stake in nbc universal. comcast. mcdonald's is also one of the laggers, although right now
. the white house calling the homicide attack on the u.s. embassy in turkey a terror. two are dead. military sources telling fox news that all u.s. staff are safe at this time. in mexico city, people are dead after the explosion at a mexican owned state oil company. the cause of the explosion remains unknown. those are your headlines. who got bleeped, you or me? thank you to congress taking the can down the road, massive defense cuts were put off until march 1. with just one month ago, there is little sign of progress. general charles joining us now. welcome, sir. $500 million in defense department spending cuts. they are likely inevitable. your thoughts on the impact. >> first of all, there has already been $487 billion of cuts levied on the deal. the 500 billion that is pending would be devastating. one of the things that i like to remind people of is we are already in sequestration. the department has already started cutting their spending on many other programs. lori: the first tape showed a contraction. as you know, there are a lot of deficit hawks out there that are happy to see cuts a
. the u.s. government has been bringing this up with the chinese for a long time. it is low risk. it is low cost. it is high return and difficult to track. even getting a location on these servers, this is a little bit of guesswork involved there. there are real challenges there. the big question is, how do we respond? connell: if you had to give a great to the american public, how ready are we? >> there are so many elements. you have to peel back the onion. you have to talk about things like, you know, the electrical grid and things like that. i would say we are at a c level. guy forbid, it could come to conflict with the chinese could shut out the lights on us here. shut off the power. shut out though, you know, air traffic control system. connell: thank you. i also want to point out that the ceo of that company preparing the report will be on the next hour of "markets now" with dennis kneale and cheryl casone. dagen: already looking into some stock orders. what does the chief have to say about this? connell: washington's spending problem. entitlement programs like social secur
on its nuclear program. they say the nuclear fuel is for energy reactors. the u.s. is concerned that they will produce weapons grade material. let's head to the pits of the cme and phil flynn. >> very little reaction down here. the very first place you want to look is the ti spread. it has spread out to the largest level of the year. it is possible that part of that could be this story. a lot of people did not hold out a lot of hope for the stocks. the direct talks with the u.s., they thought maybe something may come out of that. at least they were hopeful. the rejection, now that obviously looks like it will be off the table. these talks will not do a whole heck of a lot. this comes at a time where they are tightening sanctions even more on iran. we saw saudia arabia, and take if you cannot get enough supply, we will pump a little bit more. melissa: that u.s. productivity fell 2% in the fourth quarter to its lowest level in nearly two years. what does the next day to say about our economic recovery? what do you make of that productivity number? that jumped out at me. >> the mov
slowdown, u.s. government shutdown. they are off the table. cheryl: let's forget about the market. let's talk about the super bowl. all of the ads. dennis: hominy cakes did it take for the nerd to get that shot right? melissa: it ruined my appetite which is what i needed at that point. lori: i love guys like that. that is my type. [ laughter ] melissa: i am speechless. i am melissa francis. lori: i am lori rothman. rbc wealth management ceo joins us on whether or not this pullback will last. melissa: is your wallet running on empty? consumers spend more on gasoline as a percentage on their income in nearly a decade. lori: the white house and action against china. let's get you updated on the market as we do every 15 minutes. nicole: you have to blame europe. let's take a look at the major market averages. you'll not see the dow 14,000. 13,887. that is a loss of nearly .9%. the tech heavy nasdaq is down one quarter of a percent. these were high levels that we have seen since october 2007. a lot of the bulls out there were really celebrating. the dollar is particularly strong today. it h
at the strong dollar. you also have to look that u.s. oil production did the highest level in almost 20 years. it is absolutely incredible. a couple days ago, everyone was talking about $100 a barrel. now they are wondering if $90 will hold. the april futures just hit $93, as i speak. inventories, of course, rose. it was on the increase in production. a decrease on imports. that really impacted the market. that is good news for gasoline prices. they got hit very hard. the gas inventories fell. that was a bigger drawdown in gasoline. because of the strong dollar, that is keeping that market very strong. heating oil, they do not seem to care. the other big numbers today, natural gas. a drawdown aided in expected. it gave natural gas a little bit of a boost today. we could see a bigger drawdown than expected next week. ashley: phil flynn of price future group. thank you so much. shibani: buckle up for more volatility, it sounds like. take a look at what is happening to the national price of gas. it is up there descent from a month ago. this is refinery plants across the country. they are facing
as we do every 15 minutes. lauren, we are starting the week on an up note. >> this u.s. stock market rally really started in europe. the u.s. market has of arrows across the board. a really tight range for stocks. volume clearly to the upside by about two-one your advance to the client line. really pushing closer to those all-time highs. 14,198. we are not far from there. 1576, we are not far from that either. we are getting there. hopefully, we can keep this winninn streak live. ashley: healthcare provider stocks taking a hit. proposing lowering medicare rates next year. peter barnes joins us now from inside the beltway with the details on this story. peter: they are proposing a cut of about 5% or so in payments to insurance companies that offer medicare advantage is. about a quarter of all seniors in medicare, about 15 million of them, are enrolled in medicare advantage. they could have added benefits. patients have to stay in their healthcare network which helps insurance companies, in theory, manage their costs. private insurers are reimbursed for all of this by the government. t
a run for u.s. senate seat in kentucky next year going up against republican leader mitch mcconnell. cofounded by g.o.p. strategist karl rove already running negative ads against her. during the last election she appeared in ads endorsing the president. also using clips where she says obama carries great and obama is doing brilliant job. not exactly the kind of things that will help her in a state that voted overwhelmingly republican in the last election. she needs to get that straight if she is serious about running. that is my two cents more. coming up friday, got ready for something really, really exciting. a weekly segment focusing on top designerand trends in fashion and entertainment. this friday i will be sitting down with the fox business exclusive interview with supermodel and entrepreneur who will share some of the biggest secrets in fashion. you don't want to miss that.k ya great night, we will see you back here tomorrow. lou: good evening, everybody. president obama today stepped up his campaign to avoid the consequences of sequestration. an idea that originated i
in the u.s., this guy wants to see it go up 22% from 20% but overall disney stocks near an all-time high, 54.50 is the all-time high. triple the s&p. liz: are you worried the upper income was 234 million versus 413 million? >> it is all about the releases and where you are in the schedule. they will look forward to what is coming up next. let's not forget they have iron man three coming out. i think wall street will look forward that way. and the cable networks seem to be doing pretty good. disney channel, espn. one of the best collections of entertainment media assets anywhere, has really been humming. david: that collection has grown tremendously. lucas films. have they paid too much? >> they bought marvel for a couple billion and turned into the avengers. i really think they have done a great job of absorbing these mergers. there's a conference call and i want to hear what are you doing with the film and what is your next plan? they just brought in jj abrams, he will be directing the next "star wars" coming out in 2015. the reason we are interested in disney so much is you can look at
a strong debt auction in italy. u.s. pending home sales also topping expectation, hitting close to a three-year high. the best day for the major indexes since january 2nd. the dow is now 89 points away from its all-time high. we'll see if the bulls put it up over the top tomorrow. >>> only two more days before we are hit with the dreaded sequester. now the president has until midnight friday night to sign the order. government agencies are making a list in a last push, sounding the alarm about the dire impact. now the u.s. secretary of agriculture, tom vilsack, has warned that cuts to the usda which oversees safety inspections of meat and poultry and egg processing plants could result a ten million to the industry and higher prices and shortages for consumers. a short time ago i spoke to secretary vilsack sack from the new york stock exchange whether the whole situation might be blown out of proportion? >> well the reality is the way the sequester is structured we have to cut every line item of our budget including one in food safety by the same uniform amount. when the food safety budget
were. >>> the u.s. has spent billions to keep egypt on our side. shouldn't wed be buying better friends? the fallout could reshape the middle east and we've got details. >>> the plot thickens for baseball's latest steroid scandal. it is not alex rodriguez link to a miami steroids clinic. more baseball stars are forced to speak out. what is the cost to their endorsements in the league? a former world series champion will give us his take. even when they say it's not it is always about money. melissa: all right, first tonight, the bombshell hidden within the congressional budget office's new report. the first shocker, flies in the face of president obama's claim. >> no matter what you've heard, if you like your doctor or health care plan, you can keep it. melissa: well, not really. the cbo always expected some people would get bumped off their plans. now it projects that number is actually double the august estimate of 4 million people. now, looking more like 7 to 8 million americans will lose their benefits trat work. here to help us sort all this out,r. peter morici and dr. lee van noki
who have little in savings. melissa: days after digging out from a foot of snow, the u.s. is bracing for a second blizzard this week. lori: who is up and who is down in the dow. the index itself off 34 points right now. . . . . ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. lori: stocks now. let's head to the floor of the new york stock exchange and check in with nicole pet pelt. you're watching shares of yum! brands. what is going on there, nicole. >> the stock is going back and forth today. it is higher now. but pretty much flat. worth it to talk about what yum! brands is doing big picture. there were concerns in china pertaining to poultry and. there were a scare. too many antibiotics in the chicken. they saw sales drop at kentucky fried chicken. that is huge revenue generator for yum! brands. they have taco bell, kf. consider and pizza hut. the kfc got hit over in china. they're severing ties with some suppliers over in china. we'll see what that does. the latest numbers were a disappointment. over the l
of cyber attacks against u.s. companies. dagen: the white house is considering fines and other trade penalties against china. peter barnes has the very latest from washington. peter: the administration is expected to release its own reports. attorney general eric holder will be holding a news conference on this this afternoon. the u.s. is trying to step up efforts to prevent chinese hacking which have hit dozens of u.s. companies. the second report increasing pressure on the administration to take more forcible action against the chinese for what experts say have been years of systematic x-men nosh. these new programs between u.s. intelligence agencies and companies will take time to roll out. connell: peter barnes in washington, d.c. for us. obviously, this is becoming a bigger and bigger story for us. watch this. >> we have also, regularly and repeatedly, raised our concerns at the highest level with the chinese government about cyber theft. including with sr. chinese officials and the military will continue to do that. connell: former navy seal is with us. you have heard the gover
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